out-of-pocket expenses

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out-of-pocket expenses

n. moneys paid directly for necessary items by a contractor, trustee, executor, administrator or any person responsible to cover expenses not detailed by agreement. They may be recoverable from a defendant in a lawsuit for breach of contract, allowable for reimbursement by trustees, executors or administrators, or deductible by a landlord from a tenant's security deposit for damages beyond normal wear and tear.

out-of-pocket expenses

noun administrative reembursable expenses, defrayal, defrayment, disbursement, entertainment expenses, expenses, individual expenses, itemized expenses, payments, recompense, recoupment, remittance, remuneration, repayment, travel expenses
Associated concepts: out-of-pocket rule
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References in periodicals archive ?
The average adjusted per claim out-of-pocket expense for oral contraceptive pills fell from $33.
Under one option, employees would have to cover their first $600 of medical bills each year, then would be responsible for 10 percent of their additional medical costs until they reach a maximum total out-of-pocket expense of $1,500, after which the state plan would cover the rest.
People were anxious about the immediate impact of the out-of-pocket expense," Yoder says.
The intent at most schools is for student-athletes to have no out-of-pocket expense.
The company expects to receive net proceeds, before its out-of-pocket expense, of $138 million as a result of the offering.
The average out-of-pocket expense for scenario 1 (a single person with $87 in annual health care expenses) was $62, or 71 percent of the total expenses.
Since travel expense can be included as part of the contingency fee, the contract audit eliminates this out-of-pocket expense and further eases budget pressures.
The study found that patients with an out-of-pocket expense greater than $250 were seven times more likely to decline to fill their prescription than patients with an out-of-pocket cost of $100 or less.
The result is a win-win situation: The seller gets the property's full market value and the buyer pays little out-of-pocket expense for the mortgage.
Using WalletWare's ExpensePlus technology, NavigatER will automatically accept out-of-pocket expense information entered through ExpensePlus, automatically pre-populating travelers' expense reports with other expense information originating from charge cards or other sources.
If the physician administering the shot accepts the Medicare payment as payment in full, there is no out-of-pocket expense to the beneficiary.
The DoD's electronic, point-of-purchase COB program minimizes the need for millions of TRICARE beneficiaries to incur reimbursable out-of-pocket expense and then file paper claims for reimbursement.